Here's what I'd personally do:
1) Compression test as it sits. Take off the belt, pull the plugs, and one cylinder at a time hook up a compression gauge and jump the starter using a battery.
2) Pull the valve cover to inspect the top end, and look at the timing chain tensioner to determine if it's the old style or new. If it's the old style, you'll definitely want to plan to replacing the timing stuff.
3) Use a borescope to look at the top of the pistons to see how they look, through the spark plug holes. The LSJ is an interference engine, meaning if something goes wrong (jumps timing, etc), the piston and valves can kiss and you should be able to see this with a scope.
4) Drain and inspect the oil and oil filter for metal flakes.
5) Pull the oil pan and inspect things like rod caps/bolts, play in the rods, oil squirters, etc.
If all that looks good, then I'd be comfortable enough to pull the trans to inspect the clutch and flywheel. Probably replace the main seals while I was down there. I'd personally be comfortable to put it in the car at that point. IMO, pulling the engine out of the Goblin is super easy with a pair of jack stands, floor jack, furniture dolly and engine hoist. I can probably do it in 30-45 minutes at this point lol.